Page 9 - The Lifeline Program White Paper

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TERM-TO-PERM
TO HAPPINESS
For term life insurance holders, a relatively new option exists which enables them to
secure value from a policy that might be nearing expiration. Converting a term policy to
a permanent policy, such as a universal or whole life policy, so that it can be immediately
sold through a life se lement is a new retirement tactic that is growing in popularity.
“Term-to-Perm” transactions can provide immediate cash to policyholders from a
formerly non-performing asset.
These transactions can ll a need within retirement planning and o er yet another
reason why allowing an insurance policy, of any type, to lapse can be a major nancial
error. Seniors and boomers are facing many unforeseen challenges, and term-to-perm
conversions combined with a life insurance se lement o er a unique way to meet the
nancial needs of the new retirement paradigm.
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